• USD/MXN initially dipped on Friday but recovered some ground as traders closely analysed the potential impact of U.S. tariffs under the incoming administration of President-elect Donald Trump.
• Mexico is expected to be the most adversely affected by Trump's proposed tariffs. Analysts indicated that Mexico's economy is likely to remain sluggish throughout the year.
• The Mexican peso touched an over two-year low against the dollar, before reversing course to rise 0.56%..
• At GMT 14:12, the pair was trading up 0.69% at 20.650.
• Immediate resistance is located at 20.965 (23.6%fib), any close above will push the pair towards 20.057(Higher BB).
• Support is seen at 20.545(Jan 2nd low) and break below could take the pair towards 20.366(38.2%fib).
Recommendation: Good to buy around 20.650 with stop loss of 20.450 and target price of 21.000


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption 



